On July 29, Roundhill Memory ETF rose 5.48% overnight, trading at $50.46/share, with turnover of $18.53 million. The ETF had previously suffered consecutive sharp declines, falling nearly 10% intraday in the prior session amid a global memory chip selloff.

On the news front, SK Hynix released its Q2 earnings report showing robust results driven by tech giants ramping up AI data center investments. The company reported DRAM average selling prices rose approximately 30% quarter-over-quarter, while NAND flash ASPs surged about 55% QoQ, demonstrating strong pricing power across the memory chip market. SK Hynix further indicated that supply tightness will persist for a considerable period, with major customers continuing to demand more memory capacity. These positive fundamental signals collectively triggered a strong oversold rebound across the memory chip sector.

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